As CME’s futures market closed on Friday, the bitcoin BTC$77,863.55 derivatives were priced at $84,445 on the exchange. When trading resumed Sunday evening, they opened at $77,385 reflecting the largest cryptocurrency’s spot-market slide to as low as $75,000 on Saturday. This price discrepancy created a gap in the CME bitcoin futures pricing.
A CME gap is the difference between the futures price at closing time and the price when the exchange next opens. Because, unlike spot BTC, the futures do not trade 24/7, significant price moves can occur during daily maintenance breaks or over weekends to produce the gaps.
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These gaps are closely watched by traders. Historically, they tend to fill within days or
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